Syrah Resources Ltd said on Thursday it had signed a four-year deal to supply graphite anode materials to electric carmaker Tesla from its plant in the U.S. state of Louisiana, sending the Australian company's shares soaring 32per cent.
Tesla will buy the majority of graphite output expected from the proposed expansion of capacity at the Syrah facility in Vidalia, with an option to purchase more. Tesla recently said no company in the United States was capable of producing graphite to the required specifications and capacity needed for its production.
Source: News Formal (newsformal.com)
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